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Bond yields trade flat on Monday

26 Jun 2023 Evaluate

Bond yields traded flat on Monday as the Reserve Bank of India’s (RBI) paper has said inflation is slowing down personal consumption expenditure, which in turn is moderating corporate sales and holding back private investment in capacity creation. 

In the global market, U.S. Treasury yields fell Friday as investors digested remarks from Federal Reserve officials about the outlook for interest rates and the latest economic data. Furthermore, oil prices settled lower on Friday, posting a weekly decline as traders worried interest rate hikes could sap demand despite signs of tighter supplies including lower U.S. crude stocks.

Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 7.07% on Friday.

The benchmark five-year interest rates were trading 1 basis point higher at 7.03% from its previous close of 7.02% on Friday.

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